Will Cyber Risk Be 9/11 All Over Again?

Hundreds of New York City firefighters were climbing the stairs in the World Trade Center when it collapsed, taking the lives of 2,700 people in September 2001. Many parts of the story are well known.
June 10, 2019 Risk Management

Managing The Unseen Risk: What’s Behind The Increasing Reports Of Legionella Outbreaks?

Since its discovery in 1976 following an outbreak at a Philadelphia hotel hosting a namesake conference for the American Legion, Legionnaires’ disease has garnered national attention from the general public and stakeholders, including building owners, facility operators, medical professionals, risk managers, insurers, and attorneys.
June 6, 2019 Litigation Risk Management

8 Claims Practices That Risk Managers Should Absolutely Stop Doing Now

If you are a lucky risk manager, you may never have to manage a property damage or business interruption claim. But we buy insurance for protection from that unknown loss.
June 5, 2019 Education & Training Risk Management

Insurers Improve Climate-Related Disclosures, But Still Lag

Insurers are improving their disclosures of their climate-related risk management efforts, but continue to lag other major industries in reporting climate metrics and targets, according to a new report.
June 5, 2019 Risk Management

Parametric Solution For Wildfire Risk

Last year saw some of the deadliest and costliest wildfires in California history. With the long-term impacts of the Camp and Woolsley fires still being felt months later, many in California are already thinking ahead and considering how best to prepare for future wildfire seasons.
June 5, 2019 Property Risk Management California

Inside AIG’s Wearables Pilot

WIth back injuries affecting 1 million workers a year and accounting for 20% of all workplace injuries, according to the Bureau of Labor Statistics, AIG was looking for a solution.
June 3, 2019 Risk Management Technology Workers' Compensation

The Implications For Insurers If A Hurricane Is A Wind Versus Water Event

With hurricane season in the US about to take off, insurance experts would do well to look back on events from the past year and consider the implications of hurricanes that submerge communities versus ones that blow them away.
June 3, 2019 Catastrophe Property Risk Management

Starr Loses Cover Suit With Marine Pollution Insurer

A federal appeals court on Wednesday upheld a lower court decision and ruled against Starr Indemnity & Liability Co. in coverage litigation with a marine pollution insurer in a case involving two grounded oil barges.
May 31, 2019 Excess & Surplus Lines Liability Litigation Risk Management Subrogation

Demand Increasing For Fortified Homes In Hurricane-Prone States

Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City.
In a storm, though, that dreamy setting can become a nightmare.
May 13, 2019 Catastrophe Property Risk Management Alabama Florida North Carolina South Carolina Texas

A Way to Attack Healthcare Fraud

If insurers want to mitigate risk, rather than risk their time and money with litigation, if they want to guard against fraudulent claims, if they want to protect good doctors against wrongful claims, then they should invest in sound legal counsel.
May 13, 2019 Liability Life & Health Litigation Risk Management

Your Next Catastrophic Risk? Hint: It Has Nothing To Do With Climate Change

Amped-up settlements and jury awards are creating upward pressure on the global liability market, while new technology offers an opportunity for insurers to be more proactive.
May 9, 2019 Liability Litigation Risk Management

Costco Gender Discrimination Suit To Be Covered By Excess Insurance, Says Court

Poor employment practices at Costco have left the retail giant’s insurer on the hook for an underlying discrimination case.
May 9, 2019 Litigation Risk Management Washington

Boston Bound: What To Expect At CLM’s 2019 CMPL Conference

This July marks the start of a fully reinvented conference that focuses on cyber, management, and professional liability claims issues—something Andrew Fastow, a former Enron executive who served six years in prison after pleading guilty in 2004 to two counts of conspiracy to commit securities and wire fraud, knows something about.
May 7, 2019 Excess & Surplus Lines Liability Litigation Risk Management Technology

U.S. Religious Centers Buy More Insurance After Raft Of Shootings

U.S. religious centers are buying special insurance to protect them from the financial consequences of an armed intruder opening fire in their buildings.
May 2, 2019 Excess & Surplus Lines Risk Management

Mitigating Property Damage With New Construction Standards For Wind Resilience

High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday.
April 29, 2019 Catastrophe Legislation & Regulation Property Risk Management
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